6787 Alvarado Rd #5
Btop 30%San Diego, CA 92120
15 licensed short-term rentals within ½ mile (10 whole home), from the cities' license and permit lists of Nov 13, 2026.
No unit in this 88-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$1,969/mo full cashflow at 20% down, 7.36% rate.
Works at $219,989 (54% under asking), or at 80% down.
Rent $2,852/mo from 24 leases of 2-bed condos & townhomes within 2 mi ($2,756–$3,128).
Beds
2
Baths
1.5
Sqft
1,120
Year Built
1970
Days on Market
147
Property Type
Condo
HOA/mo
$515
MLS ID
260014804SD
This property is in San Diego (92120). View neighborhood stats →
About This Property
Move-in ready home in a highly desirable location! Recent updates include fresh interior paint, newer carpeting, and upgraded toilets. Both bedrooms are bright and spacious, with the primary bedroom featuring an oversized walk-in closet in addition to a sliding-door closet. A half bath is located on the first floor for added convenience. The spacious kitchen features a pass-through window overlooking the living area, creating an open feel while maintaining a defined kitchen space. Enjoy the open living room, cozy fireplace and the large back patio that is perfect for relaxing outdoors. HOA covers common areas, landscaping, trash, water, sewer, termite, gas, hot water, roof maintenance and pest control. Additional highlights include two assigned parking spaces located directly outside the unit, central AC & heating and more. Community amenities include a pool, spa, and community room. Ideally situated with convenient access to the 8, 15, 805, and 125 freeways, and close to SDSU, shopping, dining, and everyday conveniences. This is a must-see!
Mortgage Calculator
Est. Monthly Payment
$3,768
Location
Loading map...
Zoned Schools
Elementary
Pendleton Elementary · grades K-5 · San Diego Unified
Middle
Mann Middle · grades 6-8 · San Diego Unified
High
Crawford High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$2,852
Comp Average
$2,786
5412 Adobe Falls Rd
2bd / 2ba · 1,144 sqft · Condo
$419K
Est. $2,885/mo
6765 Alvarado Road
2bd / 2ba · 1,139 sqft · Condo
$425K
Est. $2,865/mo
6811 Alvarado Rd
2bd / 2ba · 1,139 sqft · Condo
$425K
Est. $2,738/mo
5462 Adobe Falls Rd
2bd / 2ba · 1,144 sqft · Condo
$469K
Est. $2,940/mo
5553 Adobe Falls
2bd / 2ba · 1,144 sqft · Condo
$485K
Est. $2,503/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
24 leases of 2-bed condos & townhomes within 2 mi · $2,756–$3,128
Blended 50/50 with the zip's market median ($2,712)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,969/mo short at 20% down; 80% down or +$2,558/mo rent closes it.
- Break-even price
- $219,989
- Break-even rent
- $5,410/mo
- Cashflow at 35% down
- −$1,475/mo
- Down payment to break even
- 80%
- Rate to break even
- Not reachable
54% under asking
$2,558/mo above the estimate
$382,161 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
Open Full Calculator